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"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

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Ratios & Harmonics: a Different Way to Trade

  • #661
  • Jan 5, 2013 7:46pm Jan 5, 2013 7:46pm
Quoting Mr. Pip
I will not present another pattern until I feel the ABCD has been taken in properly. More advanced traders can post more advanced patterns and I will help them but I will introduce the next patternwhich is the Gartley when we are upto speed with the ABCD.
Thanks Mr Pip, looking at the other patters you have presented, I can now understand why it is so important to identify X & A particularly when intifying if a pattern is ABCD or one of the others. Hopefully with much practice these will become easier to recognize.

Once again, many thanks
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #662
  • Jan 5, 2013 7:51pm Jan 5, 2013 7:51pm
harmonic pattern evolution :
1)gartley, bat, alternate bat. butterfly,crab and deep crab
2)cypher and shark
3) 3 dive pattern and 5:0 pattern


Quoting Ezzy
Thanks Mr Pip, looking at the other patters you have presented, I can now understand why it is so important to identify X & A particularly when intifying if a pattern is ABCD or one of the others. Hopefully with much practice these will become easier to recognize.

Once again, many thanks
Ezzy
not euphoria follower
  • #663
  • Jan 5, 2013 8:08pm Jan 5, 2013 8:08pm
Sorry, guys!
Only now could follow and read most of the posts!
For not really knowing what I was doing open positions usually only once or twice a week!
Thank you Mr. Pip.
Now I just need to read the study material!


  • #664
  • Jan 5, 2013 9:14pm Jan 5, 2013 9:14pm
Quoting Borgvall
Hi all

Am I on track.
EUR / USD 60 min Bullish Gartley, ABCD about to occur?

any comments.

God, it's fun to learn something new, I love it.
Thank you mr. Pip
Yes you are on track. We could have a Gartley as well. You also identified potential X and the anchor leg well done!
If you fail to plan, you plan to fail.
  • #665
  • Jan 5, 2013 9:16pm Jan 5, 2013 9:16pm
Quoting Bary
There really is no XABCD. If there's an X leg then it has the potential of becoming one of the other patterns.
AB=CD? read post 628 again but sounds like you have it. To be a valid ABCD swing C has to reach the fib 61.8 of AB. Otherwise you are looking for AB=CD
The swing candle can reach 78.6 too but the candle close has to be below it, within the 61.8%-78.6 zone. The candle cannot close beyond 78.6 for ABCD setup.

Mr.Pip do correct me if I am wrong

ABCD Validation Rules:
1) Candle close/touch/pierce 61.8% zone
2) Candle touches 78.6% but closes in the 61.8% zone

AB=CD Validation Rules:
1) Candle closes below or above 61.8% zone.
.
  • #666
  • Jan 5, 2013 9:22pm Jan 5, 2013 9:22pm
Quoting alij79
Mr Pip, i want to ask regarding C entry in ABCD pattern, what factors should we consider in order to go for C entry..... what makes probability of C entry stronger for entry in ABCD pattern... will appreciate early response.

one more thing i am seeing is AB=CD pattern, are we studying that too or only ABCD pattern ? pls confirm as i am getting confused.

I cant see any rules of AB=CD pattern, is it also part of ABCD pattern? if yes then please tell the rules if NO , then i am happy with what you have taught uptil now

thank u again...
Sorry for the delay I was enjoying my family today. Stronger probabilities for C entry would be any ratio confluence or structure that coralates with the C zone.

I have no rules identified for the AB=CD as I do not consider this a pattern. This is a harmonic expectation that price will follow with an equal distance move. We can develope some rules as a trade setup if you all would like at a later time.
If you fail to plan, you plan to fail.
  • #667
  • Jan 5, 2013 9:27pm Jan 5, 2013 9:27pm
Quoting jgadefelth
Am sorry if i have affend you. Maybe i am little clompsy in my comunicating. Anyway i will read up on the thread and get back with relevant questions for the thread.

Best regards
Hello, please do not misunderstand. I am not offended just want you to focus on what is important. I want you to grow as a trader! To do this you have to put in the work there is no way around that. I'm here to help you all grow as traders. I cannot achieve this if everytime a trader comes into the thread I have to prove my skills to them. That is not my purpose nor the goal of this thread. Now lets put this behind us and grow together.
If you fail to plan, you plan to fail.
  • #668
  • Jan 5, 2013 9:49pm Jan 5, 2013 9:49pm
Quoting Starry
Yep, thats what i measured it. The 161.8 line was below the screenshot . Its an fxcm demo feed. You might not have found it because its in GMT time, so you use EST and the time would be january 3rd 21:00.
Okay found it yes the look at my chart the ABCD you identified was correct but I do not understand what you maean by the 161. There were three equal harmonic move with the first drive failing to hit the 61% making it an AB=CD and the second drive achieving the 61% and making it an ABCD.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (1 Min) 1_3_2013.jpg Size: 81 KB
If you fail to plan, you plan to fail.
  • #669
  • Jan 5, 2013 10:07pm Jan 5, 2013 10:07pm
Quoting Starry
For the first chart, isnt this an aggressive ABCD buy pattern? The AB leg only retraces to 50%, letting it be a potential bat, but the BC leg doesnt retrace far enough to be a bat (it only goes between 50 and 38.2, it should be beween 61.8 and 78.6).

For an ABCD, it barely closes below the 78.6, so maybe instead its an AB = CD.


Attachment
Attachment
I really like the way you are processing what you are looking at but your ratios need help. Look at my chart if that 78.6% holds we are looking at an ABCD which also completes a Gartley XABCD. If it fails we are looking at an ABCD to the high side and at that point we disregard X be cause the Gartley becomes invalid.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURJPY (60 Min) 1_4_2013.jpg Size: 89 KB
If you fail to plan, you plan to fail.
  • #670
  • Jan 5, 2013 10:09pm Jan 5, 2013 10:09pm
Quoting Starry
Heres an ABCD pattern.

Attachment
There you go great job!!!!!
If you fail to plan, you plan to fail.
  • #671
  • Jan 5, 2013 10:21pm Jan 5, 2013 10:21pm
EU with quarter candle - mt4
Attached Image (click to enlarge)
Click to Enlarge Name: bamm big view eu.gif Size: 25 KB
not euphoria follower
  • #672
  • Jan 5, 2013 10:22pm Jan 5, 2013 10:22pm
Quoting NuNix
Is this bearish butterfly on EU M5?
Close but they did not me the ratios. It was a failed Gartley caught up in larger timeframe price action. Harmonics pointed this out earlier.We have to learn to follow market flow Price action will lead the way listen to price. Its an AB=CD. The oval is the area you want to target.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (5 Min) 1_4_2013.jpg Size: 89 KB
If you fail to plan, you plan to fail.
  • #673
  • Jan 5, 2013 10:27pm Jan 5, 2013 10:27pm
Quoting Davit
Mr Pip
Let me try if I understand difference of XABCD VS AB=CD
X major swing AB C retrace ideally .618 but invalid if closes above .786 if this happens we might be looking double top or double down.D is ideally at 127.2 (measured from BC)but can extend longer even 1.618 at which point becomes PRZ
CD should be at least 127.2 shorter then this invalidates the pattern.

AB=CD
AS the formula suggest AB should be equal to CD and if CD is longer then AB then invalidates the pattern could become XABCD
B to C ideally should be .618 but no more then .786...
I think I will make a video on Monday to cover this in detail. I think this would be the easiest way to address the whole XABCD, ABCD, AB=CD. Ido not have video making capability here at home only at the office.
If you fail to plan, you plan to fail.
  • #674
  • Jan 5, 2013 10:32pm Jan 5, 2013 10:32pm
Quoting Starry
Mr pip,
What does trail stop to structure +- 10 pips mean in the ABCD pattern? I thought we just took profit at 61.8 instead of a trailing stop.
Structure is a swing high or low it can also mean S/R but in this case an alternative totaking profit at the 61.8% you can trail your stop 10 pips below or above the previous swing until you are stopped out.
If you fail to plan, you plan to fail.
  • #675
  • Jan 5, 2013 10:34pm Jan 5, 2013 10:34pm
Quoting Bary
There really is no XABCD. If there's an X leg then it has the potential of becoming one of the other patterns.
AB=CD? read post 628 again but sounds like you have it. To be a valid ABCD swing C has to reach the fib 61.8 of AB. Otherwise you are looking for AB=CD
I will make a video to make sure we clear this up. It might be the easiest way.
If you fail to plan, you plan to fail.
  • #676
  • Jan 5, 2013 10:37pm Jan 5, 2013 10:37pm
Quoting Davit
I disagree with you. C ideally to reach 618 but can't be higher then 786 however Mr. Pip said
Quote from his manual
Note: The BC move remains valid as long as there is at least a 61.8% retracement of AB and there is not a candle close beyond the 78.6% retracement of AB.

Note At least not less is invalid. This is confirmed...
I have not read this book so I cannot comment but now I know I need to make that video it will all be crystal clear after that.
If you fail to plan, you plan to fail.
  • #677
  • Jan 5, 2013 10:40pm Jan 5, 2013 10:40pm
Quoting IberoForex
Did I saw well?
Any thoughts?
Pair and timeframe or I can't help you. Off the top it looks too early to tell.Give me the infoand I'll take a look for you on my chart.
If you fail to plan, you plan to fail.
  • #678
  • Jan 5, 2013 10:42pm Jan 5, 2013 10:42pm
Quoting IberoForex
My problem is that it has not yet set a standard scale of BC but wants it seems to me that has to do with market sentiment. But if anyone has an opinion please share!
I would love to but I need timeframe and pair my crystal ball is notthat good LOL.
If you fail to plan, you plan to fail.
  • #679
  • Jan 5, 2013 10:53pm Jan 5, 2013 10:53pm
Quoting IberoForex
But it does not work at 100%!

For me, it Usually goes for anyone!
But, in the case EUR / USD 1H.
Get in the habit of taking a step back to see if you missed something. Could be a Gartley or an AB=CD time will tell but failing to take a step back could have you tading the wrong setup.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURGBP (60 Min) 1_4_2013.jpg Size: 94 KB
If you fail to plan, you plan to fail.
  • #680
  • Jan 5, 2013 10:55pm Jan 5, 2013 10:55pm
Quoting iqyu5an
ratio is just a ratio ...
history is just a history
timing is just a time

let's combine them and having fun on it
Well said combining them gives strength to your analysis.
If you fail to plan, you plan to fail.
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